In WSIB terminology, a clearance is not usually purchased for a "piece" of equipment, but rather for a specific , project , or contract .
Used in contractor relationships . A principal hiring a contractor gets a clearance to ensure the contractor is in good standing before work begins. Purchase Certificates | WSIB
When a business (a principal) hires a contractor or subcontractor, they request a clearance certificate for that specific job. This protects the principal from liability if the contractor fails to pay their WSIB premiums. wsib purchase certificate
Once issued, the certificate is valid for 30 days from the date printed. The sale must close within this window for the protection to apply.
Used specifically for the sale of a business to transfer/waive liability for old debts. In WSIB terminology, a clearance is not usually
The scheduled date and type of transaction (e.g., asset sale).
Law * s. 146(1) and (2) When an employer sells, leases, transfers, or otherwise disposes of all or part of the employer's business... WSIB Selling or Buying Business Assets in Ontario? - Sorbara Law Do Not Overlook a WSIB Certificate * Introduction. Buying or selling the assets of a business is a common transaction in the comme... Sorbara Law Selling or Buying Business Assets in Ontario? - Sorbara Law What is a WSIB Certificate? Under the Ontario Workplace Safety and Insurance Act (“WSIA”), employers in certain high-risk sectors ... Sorbara Law Purchase Certificates - Archived July 31, 2020 - WSIB Jan 2, 2020 — Purchase Certificates | WSIB When a business (a
When you are buying a business in Ontario, one of the most critical steps in your due diligence is securing a . Without it, you could be held legally responsible for any unpaid premiums or debts the seller owes to the Workplace Safety and Insurance Board (WSIB). What is a WSIB Purchase Certificate?
Simple name changes via Articles of Amendment.